MWRE.DE vs. AMEC.DE
MWRE.DE (Amundi Core MSCI World UCITS ETF Accumulating) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds from Amundi - MWRE.DE tracks the MSCI World while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past year, MWRE.DE returned 23.82% vs 45.51% for AMEC.DE. Their correlation of 0.85 suggests significant overlap in exposure. MWRE.DE charges 0.12%/yr vs 0.35%/yr for AMEC.DE.
Performance
MWRE.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWRE.DE achieves a 10.85% return, which is significantly lower than AMEC.DE's 30.58% return.
MWRE.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.85%
- 6M
- 11.01%
- 1Y
- 23.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.00%
- YTD
- 30.58%
- 6M
- 28.27%
- 1Y
- 45.51%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
MWRE.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWRE.DE Amundi Core MSCI World UCITS ETF Accumulating | 10.85% | 7.94% | 6.30% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 5.94% |
Correlation
The correlation between MWRE.DE and AMEC.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2024 | 0.86 |
The correlation between MWRE.DE and AMEC.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
MWRE.DE vs. AMEC.DE — Risk / Return Rank
MWRE.DE
AMEC.DE
MWRE.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE) and Amundi Index Smart City UCITS ETF (AMEC.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MWRE.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 5.09 | -1.46 |
| Martin ratioReturn relative to average drawdown | 14.47 | 16.11 | -1.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MWRE.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.65 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.44 | +0.65 |
Drawdowns
MWRE.DE vs. AMEC.DE - Drawdown Comparison
The maximum MWRE.DE drawdown since its inception was -21.68%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for MWRE.DE and AMEC.DE.
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Drawdown Indicators
| MWRE.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -35.49% | +13.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -9.02% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.33% | — |
Current DrawdownCurrent decline from peak | -0.33% | -1.34% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -11.50% | +7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.86% | -1.22% |
Volatility
MWRE.DE vs. AMEC.DE - Volatility Comparison
The current volatility for Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE) is 2.56%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that MWRE.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWRE.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 6.73% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 13.09% | -5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 17.36% | -6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 17.51% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.25% | 19.22% | -3.97% |
MWRE.DE vs. AMEC.DE - Expense Ratio Comparison
MWRE.DE has a 0.12% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
MWRE.DE vs. AMEC.DE - Dividend Comparison
Neither MWRE.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
MWRE.DE and AMEC.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWRE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWRE.DE is cheaper with a 0.12% expense ratio, compared with 0.35% for AMEC.DE.
MWRE.DE tracks MSCI World, while AMEC.DE tracks Solactive Smart City. Their fees differ too: 0.12% for MWRE.DE and 0.35% for AMEC.DE.
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